The Bureau De Change operators said there was no truth in reports that the dollar is now selling at N1,000 at parallel market, contrary to the report making the rounds on X (formerly Twitter)
There have been trending reports on X that dollar is now selling at N1,000 in Abuja.
The X post read, “This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is selling at N1,000 – $1. Abdulsalam BDC is selling N900 if buying over $5,000.
“There’s a mad rush to dispose of dollars at Zone 4. The dollar in the parallel market is presently selling at a lower price than the official market.”
However, some BDC operators who spoke with Blueprint on Wednesday in Abuja denied selling FX at the quoted price.
Recently, the Central Bank of Nigeria offered to sell $10,000 to each BDC operator at N1,251/$.
The apex bank expects them not to sell above N1,269/$, representing a margin of N18.
The President of the Bureau De Change Association of Nigeria, Aminu Gwadabe, could not be reached for statement as of the time of filing this report.
